India's Newest Challenges
/Quick. Who is India's largest tech services provider? Wipro? Infosys? Tata? Turns out it's "none of the above". The largest provider of tech services in India is....IBM. Business Week has an interesting article on the challenge of India's largest tech companies to transform themselves from purveyors of relatively inexpensive back-office processes to truly global companies. While companies such as Wipro, Infosys, Tata, Cognizant and others have focused on every major country except India, companies like IBM and Accenture have been actively building their services to Indian companies.
The Business Week article puts it this way:
The writing is on the wall: India's vaunted technology companies must upgrade their business model or face dwindling profits and market share. At the annual conference of Nasscom, the powerful Indian software association, currently under way in Mumbai, the buzz has centered on one topic: When will Indian tech companies grow discontented with being no more than happy back-office campers and start behaving more like their global counterparts IBM (IBM) and Accenture (ACN)?
Given India's determination and talent, I'm pretty confident that the country's top companies can move to the next level. It will be intersting to see how this transformation takes place and over what time frame.
